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the house already passed legislation to avoid the entire fiscal cliff. senate democrats have not. the house will be in session on sunday. harris? >> molly henneberg with the latest outside the white house. thank you, molly. >> for now, rebuilding after disaster. >> when a tornado took out their church members of this community went to work and found inspiration in the wreckage. >> in the midst of the worse there is good things to come out. >> fixing a building while feeding the soul. that is coming up. >> harris: 200 tornadoes tore through the southern united states in a single day last year, killing more than 300 people. one of those twisters chewed up the town of tuscaloosa, alabama. 65 people died that day. it was among the deadliest single tornado outbreaks in u.s. history and turned much of that area including a church there to rubble. now, more than a year later that community is just starting to rebuild. elizabeth prann is live for us. what do the church members have to do to go through the process? >> had to get reimbursements from fema and from the insurance companies but
the house already passed legislation to avoid the entire fiscal cliff. senate democrats have not. the house will be in session on sunday. harris? >> molly henneberg with the latest outside the white house. thank you, molly. >> for now, rebuilding after disaster. >> when a tornado took out their church members of this community went to work and found inspiration in the wreckage. >> in the midst of the worse there is good things to come out. >> fixing a building...
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Dec 28, 2012
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the. >> thank you, senator. >> the fiscal cliff isn't the only looming deadline. geithner is warning the nation will hit their debt ceiling on new year's eve. how will it impact your wallet? we are joined by rich edson. nice to see you. what will it mean for everyone? >> if you are borrowing money that could be problem matt ag. analysts say if we surpass the debt ceiling, and the pressurery department can do accounting and buy us a little more time, about $200 billion more time. but if we do surpass that point, interest rates would go up if you are looking to borrow money. money invested in the stock market, analysts predict worldwide markets would have major problems. if you get payments from the government in any form, whether paidfy the government, whether your job is involve in the government or if you get social security checks, if you get veterans benefits, if your government pace your healthcare, all of that could be at risk if there's not enough money or borrowing authority to pay the bills. >> you mentioned the word extraordinary circumstances. what a nic
the. >> thank you, senator. >> the fiscal cliff isn't the only looming deadline. geithner is warning the nation will hit their debt ceiling on new year's eve. how will it impact your wallet? we are joined by rich edson. nice to see you. what will it mean for everyone? >> if you are borrowing money that could be problem matt ag. analysts say if we surpass the debt ceiling, and the pressurery department can do accounting and buy us a little more time, about $200 billion more...
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Dec 27, 2012
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the senate is back in session considering some legislation not related to the fiscal cliff today. i asked a spokesperson for senate democratic leader harry reid if all the democratic members would be here in town for a possible votes? he didn't get back to me. a spokesperson for the republican leader mitch mcconnell said however, that delays for republican senators are certainly possible. they got two of them in maine, harris. harris: right. the speaker is in ohio. so you have some pretty hard-hit areas. >> yeah. harris: what kind of advice are airport officials giving members of congress actually trying to get back to work? >> reporter: they're giving them the same advice we mere mortals get. take a listen. >> we would tell a member of congress the same thing we would tell any other traveler, check with their airline before they head to the airport to make sure their flight is on time. things in washington are in real good shape for their arrival. >> reporter: if there are any votes on the fiscal cliff later this week in the senate, the weather should be fine. that is system shou
the senate is back in session considering some legislation not related to the fiscal cliff today. i asked a spokesperson for senate democratic leader harry reid if all the democratic members would be here in town for a possible votes? he didn't get back to me. a spokesperson for the republican leader mitch mcconnell said however, that delays for republican senators are certainly possible. they got two of them in maine, harris. harris: right. the speaker is in ohio. so you have some pretty...
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Dec 28, 2012
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the senate has been meeting, but on matters unrelated to the fiscal cliff. the house will not meet until sunday, it looks like. there was a particularly pointed comment yesterday from senate majority leader harry reid aimed at republican house speaker john boehner. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of house of representatives to get what they want. >> here was the speaker's response to that comment. senator reid should talk less and legislate more. the house already passed legislation to avoid the entire fiscal cliff. senate democrats have not. now, this will bring us back to the price of milk. this is not technically part of the fiscal cliff, but it's because congress was not able to pass a farm bill this year. because of some strange 1949 price supports, the price of milk could skyrocket at your local grocery store. could go up a few dollars gallon if we revert back to that 1949
the senate has been meeting, but on matters unrelated to the fiscal cliff. the house will not meet until sunday, it looks like. there was a particularly pointed comment yesterday from senate majority leader harry reid aimed at republican house speaker john boehner. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of house of...
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Dec 24, 2012
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or as the fiscal cliff comes nearer and the u.s. goes over it. >> can we expect any other lawmakers to step up to the plate and kick start negotiations? what about senate minority leader mitch mcconnell? >> well, the thing at this point and i'm told by sources is that there are no negotiations going on between senator mitch mcconnell, the republican leader in the senate, and senator majority leader harry reid in hawaii for the funeral of daniel inouye and is now back to washington. it could come down to the senate doing something. senator mcconnell might allow this bill i mentioned that i already passed in july, was a threshold for tax hikes, being at the $250,000 level, he may allow democrats to say, the house has to take this, or if there is some sort of vote on another measure, while mitch mcconnell would be unlikely to support it, perhaps he might let some of his republican senators do that, now, this is sort of thinking, coming from democrats, this is not something that mitch mcconnell at this point is planning to do, and it's
or as the fiscal cliff comes nearer and the u.s. goes over it. >> can we expect any other lawmakers to step up to the plate and kick start negotiations? what about senate minority leader mitch mcconnell? >> well, the thing at this point and i'm told by sources is that there are no negotiations going on between senator mitch mcconnell, the republican leader in the senate, and senator majority leader harry reid in hawaii for the funeral of daniel inouye and is now back to washington....
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Dec 30, 2012
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we can still avoid going over the fiscal cliff if the president and the democrat control senate step forward this week and work with republicans to solve this problem and solve it right now. host: joseph rosenberg, your thoughts on what the senator had to say. guest: well, look, i'm not interested in getting in the middle of the political back and forth. you know, i think the main -- the first idea is similar to an earlier caller about this sort of insufficiency of only taxing the rich. and that's certainly a valid point. youink, again, there's -- need to draw a distinction between what we're currently talking about the immediate issue of what our tax system will look like next year and then -- and separating that from the longer term issues of tax and spending in which there are, you know, real philosophical differences about the role of government in social insurance in providing health care and how we're going to raise revenue going forward. host: our next caller comes from chris in houston, texas on our line for democrats. go ahead, chris. caller: hi. i'm just saying that payroll
we can still avoid going over the fiscal cliff if the president and the democrat control senate step forward this week and work with republicans to solve this problem and solve it right now. host: joseph rosenberg, your thoughts on what the senator had to say. guest: well, look, i'm not interested in getting in the middle of the political back and forth. you know, i think the main -- the first idea is similar to an earlier caller about this sort of insufficiency of only taxing the rich. and...
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Dec 29, 2012
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known all along the fiscal cliff is looming, yet the deadline spurs action. not a done deal. still a chance we head over the cliff. here is what has to happen. mitch mcconnell and harry reid have to come to agreement. by tomorrow, possibly. have something they can vote on in the senate tomorrow night or possibly even monday. send it to the house of representatives where the president says the house speaker john boehner should put it on the floor, regardless if it gets the majority of the majority. that's the traditional way of doing things. the president said if any of the process fails, any of the steps along the way we outline, a senate agreement, vote in the senate, moving to the house, if it fails, the president wants a basic bill on the floor that sets those income levels at $250,000 above, to have everyone have their taxes rice rice. a lot of ifs and but, a flurry of last-minute activity, focused on the congressional leaders in the wes wing of the white house. >> like you said it will take a badda bing, badda boom to get this done. >>> joining me now is ed o'keefe and s
known all along the fiscal cliff is looming, yet the deadline spurs action. not a done deal. still a chance we head over the cliff. here is what has to happen. mitch mcconnell and harry reid have to come to agreement. by tomorrow, possibly. have something they can vote on in the senate tomorrow night or possibly even monday. send it to the house of representatives where the president says the house speaker john boehner should put it on the floor, regardless if it gets the majority of the...
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Jan 1, 2013
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happy new year. >> and to you, joe. >>> the senate missed the fiscal cliff deadline and it's not clear what the house will do. how are americans viewing the latest stalemate in washington? alison kosik taking the pulse of the public and with the clock running it's only appropriate she's at a new york diner. >> reporter:s that great diner because it doesn't only have people in here from new york but all across the country. we're getting lots of different opinions. the one comment seems to be frustration. >> definitely. i know that this morning they just delayed the decision again. a lot of it has to do with people being uninform ed. you can vote but realistically our options are pretty slim and that's kind of how i'm feeling. >> reporter: what about the option of voeting in the next election? >> there is that option but the candidates, i feel like it's a lose-lose in everything. >> reporter: what are your thoughts on what got done or away is getting done? is it enough? >> definitely not. it's just big fancy speeches and police cat rhetoric and it's day after day. it's easy to not pay at
happy new year. >> and to you, joe. >>> the senate missed the fiscal cliff deadline and it's not clear what the house will do. how are americans viewing the latest stalemate in washington? alison kosik taking the pulse of the public and with the clock running it's only appropriate she's at a new york diner. >> reporter:s that great diner because it doesn't only have people in here from new york but all across the country. we're getting lots of different opinions. the one...
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Dec 30, 2012
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the prospects of a fiscal cliff plunge look closer than ever today when senate talks ground to a standstill. >> i am willing to get this done. i needed dance partner. >> republicans demanded social security cuts. democrats called that a deal killer. the gop to get off the table. the deadline is monday at midnight. if no deal, taxes go up on nine out of 10 americans. potentially catastrophic spending cuts start kicking in. lawmakers spent much of the day behind closed doors plotting strategy. president obama blamed the impasse on republicans. >> the way they are behaving is there on the priority is making sure the tax breaks for the wealthiest americans are protected. >> on sunday, the president talked about his plan b. he wants the senate to vote on extending tax cuts to everyone but the rich. >> if the republicans baca, middle-class taxes will go a. >> a political showdown with only one certainty, tomorrow night's deadline. the president has a plan c, reversing the effects of the cliff on january 4 when the new congress is in town. >> if america does fall off the fiscal cliff, maryland wou
the prospects of a fiscal cliff plunge look closer than ever today when senate talks ground to a standstill. >> i am willing to get this done. i needed dance partner. >> republicans demanded social security cuts. democrats called that a deal killer. the gop to get off the table. the deadline is monday at midnight. if no deal, taxes go up on nine out of 10 americans. potentially catastrophic spending cuts start kicking in. lawmakers spent much of the day behind closed doors plotting...
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Dec 26, 2012
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senator reed asked a decision be made quickly to ensure hawaii's representation in fiscal cliff negotiations is there. it is said senator inouye endorsed a person before he died. >> and ben affleck has taken his name off the list for senator and says while he loves the political process, he will not be running for office. >>> a new "washington post" pole shows a bleak outlook for the coming year, 40% are hopeful and 56% say they are fearful. >>> the miami heat grabbed the top spot in the eastern conference by surviving a battle with the oklahoma city thunder. lebron james, dwyane wade and mario chalmers combined for 51 poin points. >>> in los angeles, rihanna and chris brown are courtside as the lakes pick up a victory over the new york knicks. kobe bryant serving 34, topping 30 points for the ninth straight game. get out of the way. >>> numbers from the retailers are rolling in. so far not that great. holiday sales were up just .7% since last year, the slowest growth in spending since 2008. even online shopping which posted double digit growth the past few years was only up 8.4% in 2011. an
senator reed asked a decision be made quickly to ensure hawaii's representation in fiscal cliff negotiations is there. it is said senator inouye endorsed a person before he died. >> and ben affleck has taken his name off the list for senator and says while he loves the political process, he will not be running for office. >>> a new "washington post" pole shows a bleak outlook for the coming year, 40% are hopeful and 56% say they are fearful. >>> the miami heat...
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senate majority leader harry reid says we're all headed for fiscal disaster. >> if we go over the cliff, and it looks like that's where we're headed, mr. president, the house of representatives, as we speak, with four days left before the first of the year, aren't here. >> we're now told the house will finally return to work on sunday. now, that's december 30th. in other words, less than 48 hours before we go over the fiscal cliff. meanwhile, president obama cut his hawaii vacation short to return to washington today. but has he been working on a deal? "outfront" tonight, reports from both ends of pennsylvania avenue. chief white house correspondent, jessica yellin, and senior congressional correspondent, dana bash. jessica, first, to you, the president's back in washington, wheels down. he left his christmas vacation early. but was this just a bit of showmanship, or has he been working on something specific? >> reporter: hey, john. well, today has been a bit of a quiet day here at the white house. publicly, the president has been scarce, no sign of him. behind closed doors, i'm told a
senate majority leader harry reid says we're all headed for fiscal disaster. >> if we go over the cliff, and it looks like that's where we're headed, mr. president, the house of representatives, as we speak, with four days left before the first of the year, aren't here. >> we're now told the house will finally return to work on sunday. now, that's december 30th. in other words, less than 48 hours before we go over the fiscal cliff. meanwhile, president obama cut his hawaii vacation...
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house speaker john boehner says the onus to avoid the fiscal cliff is now on the senate. this is a new poll shows the american people are quickly losing faith that a deal will get struck. imagine that. there is some good economic news in the forecast for 2013, we'll have that for you, and some more good news, a silver lining in a battle against childhood obesity. that report ahead as well when harris faulkner and i see you at the top of the hour. "happening now." gregg: you're full of good news. jon: trying to be, you know. gregg: one good news story after another, jon scott. jon: you got people digging out of a blizzard today, you've got a fiscal cliff coming. we've got to have good news somewhere, gregg. gregg: we'll tune in for your good news. jon scott thank you very much. patti ann: back to the bad news a fierce winter storm leaving travelers stranded and causing a lot of trouble in the northeast after hitting other parts of the country ain't is still not over. the latest on the storm's path. >> people are still driving a little too fast for the conditions. >> you co
house speaker john boehner says the onus to avoid the fiscal cliff is now on the senate. this is a new poll shows the american people are quickly losing faith that a deal will get struck. imagine that. there is some good economic news in the forecast for 2013, we'll have that for you, and some more good news, a silver lining in a battle against childhood obesity. that report ahead as well when harris faulkner and i see you at the top of the hour. "happening now." gregg: you're full of...
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senate passes a bill to avert the fiscal cliff. as the president wrapped up his vacation, federal workers trickled back into the nation's capital. but the only people who can avert the fiscal cliff, members of the house and senate, have not returned, and, in just six days, a 2% payroll tax is set to expire, along with the bush era tax cuts, shrinking the average workers' paycheck in 2013 by about $1,500. long-term unemployment benefits for about two million jobless americans are also set to expire, and $110 billion worth of spending cuts to both domestic and defense programs will start to kick in, forcing layoffs in the public sector and for some private sector government contractors. economists predict that if congress doesn't act, all those cuts and new taxes will push the economy back into a mild recession by mid-2013. the impact of some of these cuts and taxes would not be felt immediately on january 1. that's because the i.r.s. and other agencies didn't expect it to come to this, and so it will take a few weeks for workers to
senate passes a bill to avert the fiscal cliff. as the president wrapped up his vacation, federal workers trickled back into the nation's capital. but the only people who can avert the fiscal cliff, members of the house and senate, have not returned, and, in just six days, a 2% payroll tax is set to expire, along with the bush era tax cuts, shrinking the average workers' paycheck in 2013 by about $1,500. long-term unemployment benefits for about two million jobless americans are also set to...
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Dec 26, 2012
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raise the debt ceiling . >> the fiscal cliff was born in 2011. >> he didn't like it then but he wants today. he wants carte blanche today. >> let him answer, rick. >> i listened to you. please listen to me. i know that's not easy for you. >> okay. >> but please listen to me. >> not easy because you don't say anything consistent. >> the seeds of the fiscal cliff were planted in 2001 with the ten-year window for the bush tax cuts. secondly, look, you're not going to like this, rick, but the fact is the president has come more than halfway in terms -- he hasn't come anywhere. he's come halfway on 7%. he hasn't come halfway on the other side, the entitlement side, the reform side. we're going to a too light deal that's too small. >> a lot of people are saying he wants to go over the cliff because it gives him more leverage. >> yes. >> his treasury secretary said that. tim geithner said that on cnbc. >> right. >> well, look, i mean, first of all, i don't believe he wants to go over the cliff, but if we go over the cliff, the economic downturn only occurs as others have said in this very se
raise the debt ceiling . >> the fiscal cliff was born in 2011. >> he didn't like it then but he wants today. he wants carte blanche today. >> let him answer, rick. >> i listened to you. please listen to me. i know that's not easy for you. >> okay. >> but please listen to me. >> not easy because you don't say anything consistent. >> the seeds of the fiscal cliff were planted in 2001 with the ten-year window for the bush tax cuts. secondly, look,...
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the developments on the fiscal cliff. coming up, two top senators will tell us what we could expect and where the talks are if there are any. >> what could happen. we'll see. and russian president vladimir putin putting adoptions on hold for hundreds of american families. this is heart breaking. we will introduce you to a family whose plans to bring home their 4-year-old are now on hold. >> big news for people suffer ising from cataracts. how a new technique could give some people the gift of sight. the doctors are in on sunday house call just about 12 minutes from now. [ woman ] ring. ring. progresso. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because offers
the developments on the fiscal cliff. coming up, two top senators will tell us what we could expect and where the talks are if there are any. >> what could happen. we'll see. and russian president vladimir putin putting adoptions on hold for hundreds of american families. this is heart breaking. we will introduce you to a family whose plans to bring home their 4-year-old are now on hold. >> big news for people suffer ising from cataracts. how a new technique could give some people...
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hawaii's representation in fiscal cliff negotiations is there. having said to endorse colleen han ni hanny -- hanibusa. >> and ben affleck has taken his name off the list for senator and says while he loves politics, he will not be running for office. >>> a bleak outlook for the coming year, a record low say they are hopeful and 56% say they are fearful. >>> the miami heat grabbed the top spot in the eastern conference by surviving a battle with the oklahoma city thunder. lebron james and whamm chambers been inned for 51 points. and rihanna and chris brown are courtside as the lakes pick up a victory, kobe bryant serving 34, topping 30 points for the ninth straight game. get out of the way. >>> numbers from the retailers are rolling in. so far not that great. holiday sales were up just .7% since last year, the slowest growth since 2008. even online shopping which posted double digit growth the past four years was up onl only .18%. and sur la table saw its biggest sales last saturday. >>> a class action against instagram in response to last week's
hawaii's representation in fiscal cliff negotiations is there. having said to endorse colleen han ni hanny -- hanibusa. >> and ben affleck has taken his name off the list for senator and says while he loves politics, he will not be running for office. >>> a bleak outlook for the coming year, a record low say they are hopeful and 56% say they are fearful. >>> the miami heat grabbed the top spot in the eastern conference by surviving a battle with the oklahoma city...
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, a deal to avoid the fiscal cliff still seems to be going nowhere. without a deal, tax hikes and massive spending cuts are in effect on january 1st. so here's what senate leader harry reid had to say earlier. >> this morning we've been trying to come up with some counteroffer to my friends' proposal. we've been unable to do that. i've had a number of conversations with the president, and at this stage we're not able to make a counteroffer. >> nbc news deputy political editor dominic a montenaro join us. >> hope is not a plan, and, you know, i think both sides are still far apart. i think they, you know, say they will continue negotiating. you saw the chain cpi now game off the table but a lot of this is posturing. republicans were outraged that harry reid went to the floor today to say that chain cpi is a deal-breaker because they didn't think, you know, that that was the line in the sand for them and they were saying that harry reid is trying to, you know, just play a political -- do a political maneuver here to signal that -- that they are not goin
, a deal to avoid the fiscal cliff still seems to be going nowhere. without a deal, tax hikes and massive spending cuts are in effect on january 1st. so here's what senate leader harry reid had to say earlier. >> this morning we've been trying to come up with some counteroffer to my friends' proposal. we've been unable to do that. i've had a number of conversations with the president, and at this stage we're not able to make a counteroffer. >> nbc news deputy political editor...
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Dec 30, 2012
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deadline for a fiscal cliff deal. we'll have a live report coming your way at the top of the hour. just a few minutes from now. first, in today's office politics, alex has a conversation with lester holt. she asks him how he became to be an aviation expert for the network and the huge role music plays in his life. we'll talk about two stories of haunting images he'll never forget. >> i traveled to somalia in the '90s. to be thrust in a situation where people are starving to death. you can't be more foreign to the world we know. it was extremely dangerous. it was then and still is a land of anarchy. it was a place that anything could happen and it did. but, you know, those are some of the images i saw. the other is the earthquake in haiti. i have never seen death on quite that scale before. i mean literally arms and limbs poking from rubble. the scene that will forever remain with me there was i can't even call it a mass grave. it was a dumping ground of bodies where they simply pushed bodies in a field. it was just, c
deadline for a fiscal cliff deal. we'll have a live report coming your way at the top of the hour. just a few minutes from now. first, in today's office politics, alex has a conversation with lester holt. she asks him how he became to be an aviation expert for the network and the huge role music plays in his life. we'll talk about two stories of haunting images he'll never forget. >> i traveled to somalia in the '90s. to be thrust in a situation where people are starving to death. you...
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Dec 29, 2012
12/12
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senate leaders try to craft a compromise to avoid the fiscal cliff. wyatt andrews is on capitol hill. what happens if there's no deal? john bentley has the fallout at the airport. >> they're putting a bunch of huge and ugly potholes on a road that was supposedly going to get us to economic recovery. >> the northeast gets walloped by another winter storm. and in the west, wet weather rewrites the forecast in california. and meet the burrito boys, ben tracey introduces us to 17 -- seven teams who embody the spirit of the zone. >> they have nothing and we ask for so much, and they ask for so little. captioning sponsored by cbs this is the "cbs evening news." >> good evening. jim axelrod is off tonight. i'm rebecca jarvis. with just two days left, senate leaders are still struggling to put together a last minute bp deal ahead of monday's midnight deadline for the fiscal cliff. failure could kick the country back into a recession. wyatt andrews is on capitol hill. >> reporter: today the halls of the senate were almost empty, as proposals got traded in priv
senate leaders try to craft a compromise to avoid the fiscal cliff. wyatt andrews is on capitol hill. what happens if there's no deal? john bentley has the fallout at the airport. >> they're putting a bunch of huge and ugly potholes on a road that was supposedly going to get us to economic recovery. >> the northeast gets walloped by another winter storm. and in the west, wet weather rewrites the forecast in california. and meet the burrito boys, ben tracey introduces us to 17 --...
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Dec 30, 2012
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if we can, we will take you back to comment on the senate side on the fiscal cliff. >> mr. speaker, if you cannot have cookies without milk. tax reform and spending cuts, not one without the other. that was the comment on my facebook page from mike in texas. the american people get it. government does not because washington is addicted to spending someone else's money. the house has passed two bills to avert the fiscal cliff. the senate is missing in action. in august, we passed into a partisan bill, an extension of current rates for all americans through the end of 2013. the week before christmas, the house passed legislation to avoid sequestration by cutting spending. as usual, both bills lie in the graveyard of the senate. it is time for the senate to get serious about the root of the problem, spending. we got here by spending too much, not taxing too little. that is just the way it is. >> for what purpose does the gentleman from ohio rise? without objection, the gentleman is recognized for one minute. >> the anasazi were the cliff dwellers that build extraordinary place
if we can, we will take you back to comment on the senate side on the fiscal cliff. >> mr. speaker, if you cannot have cookies without milk. tax reform and spending cuts, not one without the other. that was the comment on my facebook page from mike in texas. the american people get it. government does not because washington is addicted to spending someone else's money. the house has passed two bills to avert the fiscal cliff. the senate is missing in action. in august, we passed into a...
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first, we have to get back to the fiscal cliff impasse and the president's decision to ask the senate leaders to make a deal. here now to ace cnbc contributor, biden's chief economist and jimmy path kukis of the american enterprise institute. will we have a deal by monday. >> >> think we are. if you had asked me before the president spoke i would have said no. >> why? >> because i can see a path. if mcconnell and reid can hammer out a deal that's acceptable to both of them i believe that john boehner will let that deal come up for a vote in the house, and i believe that vote will pass in the house though probably with majority democrat. if that happens, we may well have a deal. >> you said a big f, though. if mcconnel and reid can hammer something out. the senate hasn't passed a budget in years, jared. tell me, how is harry reid going to come up with something by monday? >> well, as you've been stressing for most of the show, correct me, this is not a budget. this is a last-minute deal that's going to have a few components and i will count them on one hand that will have a tax thresho
first, we have to get back to the fiscal cliff impasse and the president's decision to ask the senate leaders to make a deal. here now to ace cnbc contributor, biden's chief economist and jimmy path kukis of the american enterprise institute. will we have a deal by monday. >> >> think we are. if you had asked me before the president spoke i would have said no. >> why? >> because i can see a path. if mcconnell and reid can hammer out a deal that's acceptable to both of...
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. >>> last night on the rachel maddow show, debbie stab nau talked about the looming fiscal cliff. >> i'm not sure what's next. i can tell you, the senate's here, we're in session, we had votes tonight. the president is here. i'm the eternal optimist. we can pass the farm bill that we passed last june. by cutting subsidies for wealthy farmers. so, there's a lot of things that we can do but it's going to take the speaker deciding that he wants to work across the aisle to get it done. >> you can catch the rachel maddow show right here on msbnc on 9:00. >>> retired four-star general norman schwarzkopf died thursday at his home in tampa, florida. he was 78. the hard-charging general, was most famous for leading coalition forces to victory during the first persian gulf war in 1991. under his command it took troops just six weeks to drive saddam hussein's army out of kuwait. gener schwarzkopf is survived by his wife brenda and their three children. >>> former president george h.w. bush are main street in intensive care this morning. while mr. bush's condition is serious, in an e-mail, a spo
. >>> last night on the rachel maddow show, debbie stab nau talked about the looming fiscal cliff. >> i'm not sure what's next. i can tell you, the senate's here, we're in session, we had votes tonight. the president is here. i'm the eternal optimist. we can pass the farm bill that we passed last june. by cutting subsidies for wealthy farmers. so, there's a lot of things that we can do but it's going to take the speaker deciding that he wants to work across the aisle to get it...
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senate talks with the white house to find a away to avoid the fiscal cliff. harry reid saying they will meet together sunday to vote on something to can take a vote on. markets slide amid growing fear unable to reach a deadline. a fifth straight day of losses. on this day in 18 the 5. for first time members of the public would pay to see a movie. the brothers were sce
senate talks with the white house to find a away to avoid the fiscal cliff. harry reid saying they will meet together sunday to vote on something to can take a vote on. markets slide amid growing fear unable to reach a deadline. a fifth straight day of losses. on this day in 18 the 5. for first time members of the public would pay to see a movie. the brothers were sce
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over the fiscal cliff. the panic is just setting in. this is your world. taxpayers are starting to freak out because a half trillion dollars plus tax hit is about to kick in as a deal to avoid the fiscal cliff is no where are in sight and time is running out. we hit the streets to show people this. this graphic shows how big a tax hit you could expect depending on your income no matter where in the country you live. for folks who could soon be forced to pay higher taxes, reality setting in. >> january 1st, that's what your taxes would go up. >> wow. >> wow. >> wow is not wow. >> well, it's going to be somewhere between 8,000 to $12,000, which i don't have. so i'm not looking forward to that. >> we're living paycheck by paycheck. i have five kids and that's going to put us way down in the hole. >> i'm a single income, you've got to be kidding. >> that's a lot of money. >> we need to keep our money in our pockets to help our country first. >> that sucks. i have a lot more better things to do with that money t
over the fiscal cliff. the panic is just setting in. this is your world. taxpayers are starting to freak out because a half trillion dollars plus tax hit is about to kick in as a deal to avoid the fiscal cliff is no where are in sight and time is running out. we hit the streets to show people this. this graphic shows how big a tax hit you could expect depending on your income no matter where in the country you live. for folks who could soon be forced to pay higher taxes, reality setting in....
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shove america off the fiscal cliff. let's go to capitol hill fox news chief congressional correspondent mike emanuel live with the latest. >> we are heading into a critical weekend as a final push is made to keep the u.s. economy from going off the fiscal cliff. after a late afternoon meeting with the top four congressional leaders at the white house, president obama offered this assessment. >>> i'm modestly optimistic -- nobody is going to get 100% of what they want. but let's make sure that middle class families and the american economy and in fact the world economy aren't adversely impacted because people can't do their jobs. >> sources say house speaker are john boehner deferred to senate colleagues and told them house leaders would consider, accept or amend their plan. what s not expected to be included in any deal is increasing the debt limit, something democrats have wanted and republicans have resisted. >> we he haded a long meeting in the white house and it was constructive. we hope that it will bear fruit. but
shove america off the fiscal cliff. let's go to capitol hill fox news chief congressional correspondent mike emanuel live with the latest. >> we are heading into a critical weekend as a final push is made to keep the u.s. economy from going off the fiscal cliff. after a late afternoon meeting with the top four congressional leaders at the white house, president obama offered this assessment. >>> i'm modestly optimistic -- nobody is going to get 100% of what they want. but let's...
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of monday's midnight deadline for the fiscal cliff. failure could kick the country back into a recession. wyatt andrews is on capitol hill. >> reporter: today the halls of the senate were almost empty, as proposals got traded in private and over the phone. senate minority leader much mcconnell tried to sound upbeat. going to get a deal today sir? >> hope. so. >> reporter: house speaker boehner came to the capitol but left without comment. issue number one in the talks is amending the bush era tax cuts, which if unchanged will expire and raise taxes on all americans. starting tuesday, the average tax hike will be three to 5% per person. >> let's keep taxes exactly where they are on the first $250,000 of everybody's income. >> reporter: the president campaigned to increase taxes only on families making more than $250,000 per year. almost two weeks ago, the president offered a compromise to raise taxes only on income above 400,000, hoping that might win republican support. >> i have gone at least halfway. >> reporter: the senate is also n
of monday's midnight deadline for the fiscal cliff. failure could kick the country back into a recession. wyatt andrews is on capitol hill. >> reporter: today the halls of the senate were almost empty, as proposals got traded in private and over the phone. senate minority leader much mcconnell tried to sound upbeat. going to get a deal today sir? >> hope. so. >> reporter: house speaker boehner came to the capitol but left without comment. issue number one in the talks is...
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even though republicans and democrats have agreed on a plan for tax rates as one part of the fiscal cliff negotiations, there will be no vote on such a plan in the house tonight. the lower chamber has adjourned until tomorrow at noon. but over in the senate, lawmakers say they could see a vote on that agreement some time before morning. >> i think there is going to be an attempt to try to bring this to the floor this evening. and so you're probably talking several hours before it would come to the floor. but i think they're going to do that decision. >> senator corker was echoed by senator tom coburn of oklahoma who explained why after weeks of no movement in congress there is a sudden push to get a deal done. here is with cnbc's larry kudlow. >> let me ask you, sir. do you think tonight there will be a senate vote on some kind of deal? >> well, i think there should be very late tonight or early in the a.m., even if this gets enacted in the next couple of days, it's all going to be retroactive to january 1st. but the very point of it is when you have a deal of this nature, you need to get
even though republicans and democrats have agreed on a plan for tax rates as one part of the fiscal cliff negotiations, there will be no vote on such a plan in the house tonight. the lower chamber has adjourned until tomorrow at noon. but over in the senate, lawmakers say they could see a vote on that agreement some time before morning. >> i think there is going to be an attempt to try to bring this to the floor this evening. and so you're probably talking several hours before it would...
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he complains i've not delivered solutions to the fiscal cliff. he's in error. we all know that in july of this year we passed in the senate the relief that would give -- that it would give to middle class americans. that -- that passed the senate. now, we know the republicans have buried themselves in procedural roadblocks in everything we're trying to do out here and now they are saying, well, we can't do the 250 because it wasn't blue slipped, because it will be blue slipped. mr. president, how does the american people retook the that? there was a bill introduced by the ranking member of the ways and means committee in the house, sandy levin, that called for this legislation. the speaker was going to bring it up to kill it, but he couldn't kill it and then we moved to plan "b," the debacle of all debacles. it's the mother of all debacles. that was brought up in an effort to send us something. he couldn't even pass it among the republicans it was so absurd, he meaning the speaker, so it's very clear now, mr. president, that the speakers's number one goal is to
he complains i've not delivered solutions to the fiscal cliff. he's in error. we all know that in july of this year we passed in the senate the relief that would give -- that it would give to middle class americans. that -- that passed the senate. now, we know the republicans have buried themselves in procedural roadblocks in everything we're trying to do out here and now they are saying, well, we can't do the 250 because it wasn't blue slipped, because it will be blue slipped. mr. president,...
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. >>> the big story today is the final four days to avoid the fiscal cliff. the last minute wrangling, the house in recess ready to come back to session sunday night to await a deal from the senate, which is in session. house republicans say they passed two bills already. on top of the fiscal cliff, there is the milk cliff, which could add to the weekly shopping bill in a big way. early next year, fight about raising the debt ceiling. after the scathing report on september 11 attack in benghazi, libbia, we thought that four mid-level government workers had taken the fall for the security failures at the state department. it turns out that is far from the case. we'll explain. it's been a year since the tornado flattened their church. but only now can the rebuilding begin. all because of red tape. grapevine, why being too attractive cost a woman her job. "special report" from washington starts at 6:00 p.m. eastern. now back to new york and "the five." ♪ ♪ >> welcome back to "the five." shop in saint paul has been warned to stop selling candy smokes with bub
. >>> the big story today is the final four days to avoid the fiscal cliff. the last minute wrangling, the house in recess ready to come back to session sunday night to await a deal from the senate, which is in session. house republicans say they passed two bills already. on top of the fiscal cliff, there is the milk cliff, which could add to the weekly shopping bill in a big way. early next year, fight about raising the debt ceiling. after the scathing report on september 11 attack in...
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we will have breaking details as we are going over the fiscal cliff. we'll see. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. but thanks to hotwire, this year we got to take an extra trip. because they get us ridiculously low prices on really nice hotels and car rentals. so we hit boston in the spring-- even caught a game. and with the money we saved, we took a trip to san francisco. you see, hotwire checks the competitions' rates every day so they can guarantee their low prices. so, where to next? how about there? ♪ h-o-t-w-i-r-e... ♪ hotwire.com do we have a deal. in. >> happy new year.
we will have breaking details as we are going over the fiscal cliff. we'll see. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with...
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cliff at the end of the year. the senate will be meeting today. this is the first time we have seen legislative business conducted in the weeks between christmas and new years since 1970. the house come back as well but nothing yet. the other thing to consider here the two key players in all of this president obama and republican house speaker john boehner. as far as we know the two of them have not really been talking. the lines of communication are theoretically open but both of them seem to be standing their ground. one other factor to consider here is something we just heard from the treasury secretary tim geithner telling us we are rapidly approaching the nation's debt ceiling. we could hit it by the end of the year. there are accounting tricks we can use to prevent us from hitting that by the end of the month. it shows you how complicated this is getting. one other factor that was going to become part of the grand bargain if we ever reach grand bargain. right now they could be looking for a stopgap measure.
cliff at the end of the year. the senate will be meeting today. this is the first time we have seen legislative business conducted in the weeks between christmas and new years since 1970. the house come back as well but nothing yet. the other thing to consider here the two key players in all of this president obama and republican house speaker john boehner. as far as we know the two of them have not really been talking. the lines of communication are theoretically open but both of them seem to...
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fiscal cliff. got less than three days to go now, folks. at the same time in his weekly address today, the president says he's preparing a plan of action if no deal is reached. >> if an agreement isn't reached on time, then i'll urge the senate to hold an up or down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job, and lays the ground work for future progress on more economic growth and deficit reduction. >> republicans say they want a deal as well, but they highlighted their biggest sticking points today in their weekly address. listen now to missouri senator roy blount. >> senate democrats have spent months drawing partisan lines in the sand. the president's proposal to raise tax on the top 2% of americans won't even pay one-third of the annual interest that's now owed on this massive $16 trillion debt. in fact, the president's tax hike would only fund the government for eight days. >> the senate i
fiscal cliff. got less than three days to go now, folks. at the same time in his weekly address today, the president says he's preparing a plan of action if no deal is reached. >> if an agreement isn't reached on time, then i'll urge the senate to hold an up or down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job, and lays the ground work for future progress on more economic growth and...
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on fiscal cliff matters and the house won't even be back to work sunday two-days before the end of year deadline. theoretically these guys have time to get something done here. it is also possible at today's meeting at the white house may be simply window dressing. >> see what happens ten hours from now. time now to take a look at who is talking and this morning we are hearing from charles krauthammer. >> last night on hannity he was talking about the looming fiscal cliff and the president's approach to negotiations. krauthammer giving his take on why a deal has not been reached yet. >> it has been very clear from the beginning that he had no intention to solve the fiscal issues. he has been using this and i must say with great skill and ruthless skill and success to fracture and basically shatter the republican opposition, the only redut of the opposition is the house. his objective from the very beginning is to break the will of republicans in the house and create an internal civil war. he has done that right up until now obama has what he wanted which is a partisan political success.
on fiscal cliff matters and the house won't even be back to work sunday two-days before the end of year deadline. theoretically these guys have time to get something done here. it is also possible at today's meeting at the white house may be simply window dressing. >> see what happens ten hours from now. time now to take a look at who is talking and this morning we are hearing from charles krauthammer. >> last night on hannity he was talking about the looming fiscal cliff and the...
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going over on the fiscal cliff. what will that mean for you? >>> home prices heading for their first annual gain since 2006. has house iing finally turned t corner. will 2013 be the year for shopping? right now, back to scott for the home report. >> thanks. >>> shares of amazon surged 22% this year but is it over? murph has info on this. >> the last time amazon got over to these levels and rolled over, it traded at $218 range. expecting some weakness due to the cliff, we shorted the stock and more today. there's too many things working against amazon, 500 times earnings. we're also long apple ten times earnings. amazon is fighting many deficit fronts, fighting google, netflix, fighting apple. when eventually everything comes home to roost, amazon will have their rollover period. when it gets down to the 218 range, we welcome take some off but i think it will go over and crack the $200 level. >> you wont to go an that one? >> no. i think it could have trouble going forward and perhaps that outage on christmas eve on
going over on the fiscal cliff. what will that mean for you? >>> home prices heading for their first annual gain since 2006. has house iing finally turned t corner. will 2013 be the year for shopping? right now, back to scott for the home report. >> thanks. >>> shares of amazon surged 22% this year but is it over? murph has info on this. >> the last time amazon got over to these levels and rolled over, it traded at $218 range. expecting some weakness due to the...
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fiscal cliff. now, just five days until everyone's taxes go up in this country, how much for the average american family? here's our chief white house correspondent jon karl tonight. >> reporter: president obama cut short his hawaii vacation, running back to washington, where storm clouds, real storm clouds, are gathering over the capitol. instead of deal making, it's name calling. the top democrat in the senate, accusing the republican speaker of the house of running a dictatorship. they say they haven't given up, but it sure sounds that way. >> i don't know time wise how it can happen now. >> here we are, once again, at the end of the year, staring at a crisis we should have dealt with literally months ago. >> reporter: vice president biden made a rare appearance in the senate, not to negotiate -- >> i do. >> congratulations, senator. >> reporter: but to swear in a new democratic senator from hawaii. a vote the white house will need if the senate ever gets around to voting on a plan to avert the
fiscal cliff. now, just five days until everyone's taxes go up in this country, how much for the average american family? here's our chief white house correspondent jon karl tonight. >> reporter: president obama cut short his hawaii vacation, running back to washington, where storm clouds, real storm clouds, are gathering over the capitol. instead of deal making, it's name calling. the top democrat in the senate, accusing the republican speaker of the house of running a dictatorship. they...
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. >> we ought to go over the fiscal cliff. i think we shouldn't make a deal where we're not -- we shouldn't raise taxes. we need entitlement reform, then we can talk. if there's no real entitlement reform, there's nothing we can do. democrats spend, spend, spend. now they have the bill, the fiscal cliff and they don't like the result. what are they going to do? it's time you actually put a stop -- >> we're going to have to leave it there. thank you very much. >> thank you. >> a case of extreme helicopter parents sued by their daughter for stalking but is what they did really that bad? you're legal eagles are on the case coming up. ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. >>> a parents' love is unconditional and sending kids to college is hard. when you plant monitoring soft
. >> we ought to go over the fiscal cliff. i think we shouldn't make a deal where we're not -- we shouldn't raise taxes. we need entitlement reform, then we can talk. if there's no real entitlement reform, there's nothing we can do. democrats spend, spend, spend. now they have the bill, the fiscal cliff and they don't like the result. what are they going to do? it's time you actually put a stop -- >> we're going to have to leave it there. thank you very much. >> thank you....
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two high ranking senators and plus his analysis of the fiscal cliff crisis. >> juliet: no good deed goes unpunished. these guys tried to save one guy who fell through the ice and then that guy and then the next, the next. it was kind after nightmare. >> clayton: polar plunge. >> juliet: yeah. ♪ and i'm thinking, "shouldn't you have more energy than me? you're, like, eight!" [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. advantage: mom. let's fight fat with alli. have a healthier holiday at letsfightholidayfat.com. that's the sound of car insurance compani these days. here a cheap, there a cheap, everywhere a cheap... you get it. so, what if instead of just a cheap choice, you could make a smart choice? like, esurance for example. they were born online and built to save people money from the beginning. it's what they've always done. not just something they cheap about. that's insurance for the modern world. esurance. now backed by allstate. click or call. esurance. now backe
two high ranking senators and plus his analysis of the fiscal cliff crisis. >> juliet: no good deed goes unpunished. these guys tried to save one guy who fell through the ice and then that guy and then the next, the next. it was kind after nightmare. >> clayton: polar plunge. >> juliet: yeah. ♪ and i'm thinking, "shouldn't you have more energy than me? you're, like, eight!" [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you...
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that is the same day that we would go over the fiscal cliff. now the treasury has certain steps they can take to avoid breaching the debt ceiling that will carry the government through february or march, but at the moment in a technical sense treasury secretary geithner is telling the congress we're hitting the debt ceiling at the end of this year which is the part of the, as i mentioned, part of an effort to get congress to step in and act, not only on the fiscal cliff but on the debt ceiling, bill. >> thanks very much for the breaking news. we'll keep monitoring the situation. thanks, john harwood. a look now at financial sector and whether or not you should put your money in the banks. >> 12 months ago there was a lot of buzz about the regionals, but now it's the big banks that have done really, really well. we have the president and ceo at bell rock capital and jeffrey hart. welcome back. >> cassandra, how did we get that wrong, those saying was not a good environment for about the banks, 2012, low interest rates, you know, the low loan dem
that is the same day that we would go over the fiscal cliff. now the treasury has certain steps they can take to avoid breaching the debt ceiling that will carry the government through february or march, but at the moment in a technical sense treasury secretary geithner is telling the congress we're hitting the debt ceiling at the end of this year which is the part of the, as i mentioned, part of an effort to get congress to step in and act, not only on the fiscal cliff but on the debt ceiling,...
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a lot of the senators spoke about the fiscal cliff issue. here is the republican from wyoming and what he had to say. >> today we are busy patting ourselves on the back for avoiding the fiscal cliff. much't know how congratulation we ought to have for that. yesterday i was buying some groceries, and the guy at the checkout stand had no idea who i was, and should not have. he said, what is going on on capitol hill? what are those people doing? we ought to fire everybody in congress. they cannot get their work done. we have to get our work done. they don't have to get their work done. he made a good point. it is down to the level of gross restore check out people, and i suspect other levels than that. people are tuned into the news media or entertainment media. they call it the fiscal cliff, so that it appears to be in niagara falls with money running over it. more of a gradual slope, but we have to stop this downward slope that we are on. it is important that we do that. this is the body that can do that. congress can do that. we do a war of
a lot of the senators spoke about the fiscal cliff issue. here is the republican from wyoming and what he had to say. >> today we are busy patting ourselves on the back for avoiding the fiscal cliff. much't know how congratulation we ought to have for that. yesterday i was buying some groceries, and the guy at the checkout stand had no idea who i was, and should not have. he said, what is going on on capitol hill? what are those people doing? we ought to fire everybody in congress. they...
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the house and senate standing by to consider any fiscal cliff update. we had an update earlier from a reporter covering the issue. host: let's begin with david lightman. white house. the best sense of what you think the dynamics will be inside the room at the 3:00 p.m. meeting. guest: it wouldn't shock me if we're talking 72 hours from now. the deadline is 11:59 on the 31st. we have seen this on and on. there are five people that know what is going and they are talking. host: let's walk through the scenarios that we can expect. the meeting is at the white house. democrats and republicans. this is the first time they have met since the election. guest: november 16 was the only time they met. it is good news they are talking. are they going to keep talking? will they say, "we will see everybody tomorrow." they would keep talking. what is going to happen on the floors of the house and senate. the senate needs to extend the tax rates a year and amended and that can be done in a matter of hours. when they agree to that -- would they agree to that? we also ha
the house and senate standing by to consider any fiscal cliff update. we had an update earlier from a reporter covering the issue. host: let's begin with david lightman. white house. the best sense of what you think the dynamics will be inside the room at the 3:00 p.m. meeting. guest: it wouldn't shock me if we're talking 72 hours from now. the deadline is 11:59 on the 31st. we have seen this on and on. there are five people that know what is going and they are talking. host: let's walk through...
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if we get a small deal before we go over the fiscal cliff, either because harry reid and mitch mcconnell come to a deal in the senate, or because democrats jam the republicans in congress, it's mostly going to be about extending the bush tax cuts for the middle class, which will mean letting them expire for the rich. that will net somewhere around $600 billion in new tax revenue. the white house will pocket that. they will have got in three quarters of what they wanted last year, before even the negotiations had really kicked off. then we're going to go over the cliff and the pressure will mount quickly to strike another deal. republicans are still going to want entitlement cuts sop the white house will insist that the next deal include a dollar in tax increases for every dollar in spending cuts. so in that next deal, image republicans want $800 billion in spending cuts, a number of they've kicked around before. democrats will say they need that much in taxes, too. and because they've already raised rates, they got those middle class tax cuts extended, and the rich ones expired, they'll
if we get a small deal before we go over the fiscal cliff, either because harry reid and mitch mcconnell come to a deal in the senate, or because democrats jam the republicans in congress, it's mostly going to be about extending the bush tax cuts for the middle class, which will mean letting them expire for the rich. that will net somewhere around $600 billion in new tax revenue. the white house will pocket that. they will have got in three quarters of what they wanted last year, before even...
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Dec 30, 2012
12/12
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there are a couple of reasons why it might languish in the house -- the fiscal cliff and the amount of the bill. the fiscal cliff is sucking all the oxygen out of the room. it is possible that the sandy relief bill could be tacked on to any other bill, it is not certain. also, some conservative lawmakers want a smaller bill to go to the recovery, not the one passed by the senate. with the tight economic situation, they may want to scale it back or include spending cuts elsewhere to offset the cost of the aid package. when it was going through the senate, 12 senate republicans voted for passage of the sandy bill. the rest voted against t. now te possible holdup in the house has led governors of new jersey, new york and connecticut, to lean on the lawmakers, writing, so the question to each and every member of the house is, if this storm had struck your constituency and devastated it the way sandy has ours, would you say that the house has done enough? with the house reconvening to help the nation avoid the fiscal cliff, remember that disasters affect every region of this nation and that
there are a couple of reasons why it might languish in the house -- the fiscal cliff and the amount of the bill. the fiscal cliff is sucking all the oxygen out of the room. it is possible that the sandy relief bill could be tacked on to any other bill, it is not certain. also, some conservative lawmakers want a smaller bill to go to the recovery, not the one passed by the senate. with the tight economic situation, they may want to scale it back or include spending cuts elsewhere to offset the...
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Dec 27, 2012
12/12
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senate majority leader harry reid says the u.s. is probably going over the fiscal cliff. he's planning a news conference. we don't have the exact time. when it goes, we'll go there. investors getting quite nervous. obviously the dow dropping below 13,000. the first time since early december. fear index is spiking the vick. what going over the cliff will mean for you and your money. we will talk about it this hour. >>> airline stocks flying high sitting at 1 1/2 year highs. will it be smooth skies for the industry next year in 2013. phil lebeau has the report. >>> how about housing? what a story housing has been this year. a milestone. home prices on track for their first year-over-year gain since 2006. is the worst finally over? some say yes, others say no. what does michelle caruso-cabrera say. >> tyler, let's drill down to the numbers you were talking about. only four hours to go until america goes over the fiscal cliff. the dow jones industrial average down 113 points. had been down 148 points. look at that as we come on the air back above 13,000 level, not by much. th
senate majority leader harry reid says the u.s. is probably going over the fiscal cliff. he's planning a news conference. we don't have the exact time. when it goes, we'll go there. investors getting quite nervous. obviously the dow dropping below 13,000. the first time since early december. fear index is spiking the vick. what going over the cliff will mean for you and your money. we will talk about it this hour. >>> airline stocks flying high sitting at 1 1/2 year highs. will it be...
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Dec 29, 2012
12/12
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countdown to the fiscal cliff. there are some signs of hope this morning. and it oob thanks to republican senate minority leader mitch mcconnell. peter doocy live in washington with the very latest. peter, i guess they reconvene 1:00 tomorrow which leads them oh tons of time to avert that fiscal cliff you are hearing from administration officials down here that republican the senatech mcconnell the is trying really hard to figure out a way to avoid the fiscal cliff public. >> we had a good meeting at the white house. we are engaged in discussions, the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the expwrort leader can make to his conference. >> at yesterday's white house meeting, president obama did not offer negotiators anything new. he just tried to sell them on the same plan he outlined last friday, being called plan c. since the president's plan a and speaker boehner's plan b both failed to gain traction. plan c would extend middle
countdown to the fiscal cliff. there are some signs of hope this morning. and it oob thanks to republican senate minority leader mitch mcconnell. peter doocy live in washington with the very latest. peter, i guess they reconvene 1:00 tomorrow which leads them oh tons of time to avert that fiscal cliff you are hearing from administration officials down here that republican the senatech mcconnell the is trying really hard to figure out a way to avoid the fiscal cliff public. >> we had a...
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Dec 24, 2012
12/12
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host: republican senator thinks the president wants to go off the fiscal cliff. guest: i said earlier myself. in terms of who gets hurt the most, i think it's clear the republicans can be hurt the most. they put themselves in that situation. let's go offto say the fiscal cliff. unemployment or other benefits, veterans benefits, etc. it would be cynical to say let's sacrifice those folks to win a political point. i'm not saying democrats want to do that. host: let's hear from the republican in indiana. caller: hi. i have a comment and a question. if they had police officers driving route near schools before the start and when they release, they should have an alarm system on every school. so as soon as the window broke, the alarm would have triggered. we know the 1% are not doing enough. when is it not fair on the other side of the equation? a ward of the state, now free health care. when does it-- stop? guest: everybody has their definition of fairness. we're always at shellac debates sense.own to dollars and cent how do you rate whether somebody is deserving poo
host: republican senator thinks the president wants to go off the fiscal cliff. guest: i said earlier myself. in terms of who gets hurt the most, i think it's clear the republicans can be hurt the most. they put themselves in that situation. let's go offto say the fiscal cliff. unemployment or other benefits, veterans benefits, etc. it would be cynical to say let's sacrifice those folks to win a political point. i'm not saying democrats want to do that. host: let's hear from the republican in...
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Dec 26, 2012
12/12
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>> melissa, i want to bring you up to date on the fiscal cliff developments. first of all, as you mentioned, secretary geithner has informed the senate that the united states government will hit its debt ceiling on monday. that is december 31st. now, that doesn't mean that anything happens immediately, because the treasury can take various steps to postpone the moment of reckoning, probably a couple of months. it's still significant. that's an effort to pressure congress. secondly, the house republicans have met, leadership has met, sent a letter to democrats saying the house has acted, now it's up to the senate to act. that's, of course, the m theic-controlled senate which has no intention of taking up that house bill, which would extend all of the bush tax cuts. the president wants to only extent cuts for incomes under $250,000. senate democratic leadership aide tells me there's a 50/50 chance for a mini deal, temporary extension of the tax cuts, before january 1st, but we haven't seen any progress on it yet. president obama is coming back early as you menti
>> melissa, i want to bring you up to date on the fiscal cliff developments. first of all, as you mentioned, secretary geithner has informed the senate that the united states government will hit its debt ceiling on monday. that is december 31st. now, that doesn't mean that anything happens immediately, because the treasury can take various steps to postpone the moment of reckoning, probably a couple of months. it's still significant. that's an effort to pressure congress. secondly, the...
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Dec 28, 2012
12/12
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cliff, at least the democratic leader in the senate has no problem placing the blame on one particular person when it comes to not getting anything done. senate majority leader harry reid had this to say on the senate floor yesterday. >> months and months of talks between the president and boehner, both times boehner could not deliver because they refuse because of grover norquist to allow any tax revenues whatsoever. they cannot cross over the threshold that has been built by grover norquist. >> grover norquist joins us now exclusively here on cnbc. grover, we just heard you are the target of those comments, but did harry reid get it wrong, because i thought that your organization actually gave its blessing to boehner's plan "b." >> reid has it wrong on a number of levels. the first, of course, is that the pledge that many congressmen and senators have made to oppose tax increases is made to the people of their state, not to me. in fact, harry reid now has the republican senator joining him from nevada who won because he made that commitment. he took the pledge, and the democrat that
cliff, at least the democratic leader in the senate has no problem placing the blame on one particular person when it comes to not getting anything done. senate majority leader harry reid had this to say on the senate floor yesterday. >> months and months of talks between the president and boehner, both times boehner could not deliver because they refuse because of grover norquist to allow any tax revenues whatsoever. they cannot cross over the threshold that has been built by grover...